SILVER SPRING, MD. — A partnership between St. Louis-based Sansone Group and locally based data center operator Priseda has acquired a 214,000-square-foot data center located in Silver Spring, just north of Washington, D.C. JLL Capital Markets arranged acquisition financing through Maryland-based Poverni Sheikh Group (PSG). The tier IV data center currently supports mission-critical operations and is slated for infrastructure enhancements, including the modernization of tier transitions, which will improve data center infrastructure performance and reliability, as well as an expansion of power capacity up to 100 megawatts. The new ownership is actively leasing the property and has secured a long-term lease with an undisclosed anchor tenant.
Leasing Activity
LONDONDERRY, N.H. — Intelligent Manufacturing Solutions (IMS) has signed an 86,954-square-foot office lease in Londonderry, located near the Massachusetts-New Hampshire border. The circuit board assembler is relocating and expanding from 645 Harvey Road to 12 Innovation Way, a 233,839-square-foot building. Rich Ruggiero, Brian Pinch and Tyler McGrail represented the landlord, regional investment firm R.J. Kelly, in the lease negotiations.
APPLETON, WIS. — NAI Pfefferle has negotiated a 12,885-square-foot office lease at 4351 W. College Ave. in Appleton. The tenant, ipromoteu, is relocating and expanding. Adam Figurin, Amy Oelhafen and Elizabeth Ringgold of NAI Pfefferle negotiated the transaction.
PEARLAND, TEXAS — Canopy Solutions has signed an 82,560-square-foot industrial lease in the southern Houston suburb of Pearland. The manufacturer of sunshade systems will occupy a rear-load building within Levey Logistics Park, a 38-acre industrial development. Jason Scholtz of Colliers represented the tenant in the lease negotiations. Allison Bergmann and Michael Foreman with Cushman & Wakefield represented the landlord, local owner-operator Levey Group, which developed the property in partnership with the Pearland Economic Development Corp.
PLANO, TEXAS — Newmark has negotiated a 29,000-square-foot office lease in Plano. The tenant is building materials supplier Amrize, and the space is located within Willow Bend Office Center I, a 124,000-square-foot building that was completed in 1998. Nathan Durham of Newmark represented the landlord, an entity doing business as CFT NV Developments LLC, in the lease negotiations. Steve Wentz and Mark Becker of Cushman & Wakefield represented Amrize.
SAVANNAH, GA. — First National Realty Partners (FNRP) has opened a new 22,000-square-foot Ross Dress for Less store at McAlpin Square in Savannah. The 169,690-square-foot shopping center is located at 1900 E. Victory Drive and is anchored by Kroger. Other tenants include Goodwill and the U.S. Postal Service. Ross Dress for Less is backfilling a former Big Lots store following the latter retailer’s Chapter 11 filing. With the new store, McAlpin Square is 95 percent occupied.
NEW YORK CITY — Pickleball concept CityPickle will open a 37,000-square-foot venue at 1501 Broadway in the Times Square area of Midtown Manhattan. The space will be located on the eighth floor of the 885,000-square-foot tower, which is known locally as the Paramount Building due to its original construction as the home of Paramount Pictures. The venue will feature seven courts, a bar and restaurant, lounge and event space and locker rooms. The space will also serve as CityPickle’s new corporate headquarters office. The opening is scheduled for the fall.
NEW YORK CITY — Apparel retailer GMA Accessories has signed a 23,698-square-foot office lease extension in Midtown Manhattan. The lease term is approximately 12 years, and the space spans the seventh and 10th floors at 389 Fifth Avenue, a 12-story building that was originally constructed in 1922. Max Koeppel of Koeppel Rosen LLC represented the landlord, the Rosen Family, in the lease negotiations on an internal basis. Michael Joseph of Colliers represented the tenant.
ROYAL OAK, MICH. — Alloy Personal Training has signed a 1,500-square-foot retail lease at The Griffin, an apartment complex built in 2021 in the Detroit suburb of Royal Oak. The property is located at the northeast corner of I-696 and Woodward Avenue. Owen Kelly and Michael Murphy of Gerdom Realty & Investment represented the landlord, Singh Development.
HOUSTON — Stream Realty Partners has negotiated a 25,938-square-foot office lease renewal at Kirkwood Tower in West Houston. The 15-story, 286,000-square-foot building is located in the Energy Corridor and was recently purchased by affiliates of Apollo Global Management. Adam Ross and Danielle Rothchild of Stream represented the landlord in the lease negotiations. Jim Bailey of CBRE represented the tenant, Texon, a provider of liquids marketing and patented technology blending services.